Showing 1 - 10 of 1,091
matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese … production stages conducted in China over the 1992-2014 period, both in the aggregate and within firms over time. Firms span more …
Persistent link: https://www.econbiz.de/10012481098
The unexpected outbreak of the U.S.-China trade war led to dramatic increases in the import and export tariffs … confronting Chinese firms. Due to firm-level differences in trade engagement, customs trade data combined with tariff changes …-in-differences examination of these firm-level data reveals that trade war increases in U.S. tariffs and Chinese retaliatory tariffs both raised …
Persistent link: https://www.econbiz.de/10012482140
We study the impact of government-led incentive systems by examining a staggered reform in the Chinese state … evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …
Persistent link: https://www.econbiz.de/10012938744
The majority of state-owned enterprises (SOEs) in China were privatized through ownership reforms over the last two … decades. Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2013, we show that … salient with the Chinese government's trillion-dollar stimulus package introduced after the 2008 global financial crisis …
Persistent link: https://www.econbiz.de/10012479431
This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the … appreciation would likely cause a net employment decline in Chinese manufacturing industries of between 4.1% and 5.3%, and a wage … of Chinese SOEs shows stronger labor market rigidities than for private firms. Impacts of exchange rate movements emerge …
Persistent link: https://www.econbiz.de/10012461093
We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending …
Persistent link: https://www.econbiz.de/10015056119
We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends. Managers with strong but unobservable cash earnings separate themselves by paying high...
Persistent link: https://www.econbiz.de/10012460418
We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese … exports: a horizontal shock affecting firms selling goods that compete with similar imported Chinese goods, and a vertical … shock affecting firms using inputs similar to the imported Chinese goods. Combining French accounting, customs, and patent …
Persistent link: https://www.econbiz.de/10012616643
We present a mechanism based on managerial incentives through which common ownership affects product market outcomes. Firm-level variation in common ownership causes variation in managerial incentives and productivity across firms, which leads to intra-industry and intra-firm cross-market...
Persistent link: https://www.econbiz.de/10013477278
We investigate the relationship between CEO centrality -- the relative importance of the CEO within the top executive team in terms of ability, contribution, or power -- and the value and behavior of public firms. Our proxy for CEO centrality is the fraction of the top-five compensation captured...
Persistent link: https://www.econbiz.de/10012464945